The Obama administration on Friday released its long-awaited proposal for overhauling the mortgageÂ market, calling for gradually shutting down bailed-outÂ Fannie Mae andÂ Freddie Macand reducing the government’s now huge role in housing finance. Continue reading “Obama administration releases plan for overhauling mortgage market, calls for phasing out Fannie Mae and Freddie Mac”
By Les Christie, staff writerFebruary 10, 2011: 2:49 PM ET
NAR forecast anticipates quicker recovery for new homes
BYÂ INMAN NEWS, THURSDAY, JANUARY 27, 2011.
In its latest real estate and economic forecast, the National Association of Realtors anticipates that sales of existing homes, after falling 4.8 percent in 2010, will rise 7.9 percent this year, to 5.3 million, and another 4.5 percent in 2012, to 5.53 million. Continue reading “Real estate sales rebound in 2011, prices nearly flat”
ByÂ Andrew Jeffery Jan 24, 2011 3:15 pm
Analysis of three separate data time series: National Median Home Price, Dow Jones Industrial Average, and Consumer Price Index (a measure of inflation). Continue reading “If You Fear Inflation, Should You Buy Real Estate?”
|Business and Finance -Â San Diego Business|
|BYÂ SDNR STAFF|
|MONDAY, 10 JANUARY 2011 12:39|
|SAN DIEGO (CNS) – The number of houses and condominiums sold in San Diego County in 2010 was lower than in 2009, but the median sales price increased, according to figures released today by the San Diego Association of Realtors. Continue reading “Median sales price of SD homes increased in 2010”|
The Massachusetts Supreme Court, in a case against Wells Fargo and US Bancorp, ruled against both banks regarding two 2009 foreclosure sales. It was stated that the sales were invalid due to failure to supply proper proof of ownership by the bank at the time of the sale.
Continue reading “Court Rules: Mortgage Foreclosures Cancelled”
posted byÂ Jeff Collins
Gov. Arnold Schwarzenegger has signed a new bill providing up to $10,000 in tax credits for both new-home buyers and for first-time buyers of existing homes.
An earlier round of state tax credits offered last year were for new-home purchases only. That program was so popular that homebuyers depleted the full $100 million eight months before the deadline. Continue reading “Gov. signs new homebuyer tax credit”
On Monday, the legislature passed AB 183 (Caballero & Ashburn) which would provide $200 million for homebuyer tax credits. The Governor is expected to sign AB 183 into law before the end of the week. C.A.R. supported this important legislation. Continue reading “Governor Expected to Sign Homebuyer Tax Credit”
Daily Real Estate NewsÂ Â | February 23, 2010
Foreclosure Bargains Getting Harder to Find
Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking.
The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November 2008, reports Barclays Capital.
Continue reading “Foreclosure Bargains Getting Harder to Find”